Intercompany Basket definition

Intercompany Basket means the difference of $2,000,000 (or the Equivalent Amount in other currencies) minus (i) the amount of Indebtedness permitted in reliance on Section 9.01(f)(iii) minus (ii) the amount of Indebtedness permitted to be Guaranteed in reliance on Section 9.01(g)(ii), minus (iii) the amount of Investments permitted in reliance on Section 9.05(e)(iii), minus (iv) the amount of Asset Sales permitted under Section 9.09(d)(iii)).
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Intercompany Basket means, at any date prior to the Tranche A Term Loan Repayment Date, an amount equal to (i) $850,000,000 minus (ii) the aggregate outstanding principal amount on such date of Intercompany Loans made pursuant to Section 6.08(h)(ii) minus (iii) the aggregate amount of Investments (other than Intercompany Loans) made pursuant to Section 6.08(h)(ii) after the Closing Date and on or prior to such date minus (iv) the aggregate amount of operating leases (measured on the basis of the fair market value of the assets subject thereto) outstanding pursuant to Section 6.05(j)(iii) plus (v) the aggregate amount of distributions in cash and Cash Equivalents with respect to any Investment (other than Intercompany Loans) made pursuant to Section 6.08(h)(ii) that have been received after the Closing Date and on or prior to such date by the Group Member that holds such Investment. From and after the Tranche A Term Loan Repayment Date, the Intercompany Basket shall cease to apply.
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Intercompany Basket means, at any date, an amount equal to (a) $500,000,000, minus (b) the aggregate outstanding principal amount on such date of Intercompany Loans made pursuant to clause (xvii)(b) of the definition of “Permitted Investments,” minus (c) the aggregate amount of Investments (other than Intercompany Loans) made pursuant to clause (xvii)(b) of the definition of “Permitted Investments” on or prior to such date, minus (d) the aggregate amount of operating leases (measured on the basis of fair market value of the assets subject thereto) outstanding pursuant to clause (xii)(c) of the definition of “Asset Sales” plus (e) the aggregate amount of distributions in cash and Cash Equivalents with respect to any Investment (other than Intercompany Loans) made pursuant to clause (xvii)(b) of the definition of Permitted Investments that have been received on or prior to such date by the Group Member that holds such Investment. Notwithstanding the foregoing, to the extent that an Intercompany Loan or an Investment is made in a Subsidiary that uses the proceeds of such Intercompany Loan or Investment, substantially contemporaneously with the making of such Intercompany Loan or Investment, to make an Investment in a Joint Venture pursuant to clause (xiv)(b) of the definition of “Permitted Investments”, such Intercompany Loan or Investment shall not reduce the amount of the Intercompany Basket, but shall reduce the amount of the Joint Venture Basket in the amount of such Intercompany Loan or Investment.
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More Definitions of Intercompany Basket

Intercompany Basket means, at any date, an amount equal to (a) $500,000,000, minus (b) the aggregate outstanding principal amount on such date of Intercompany Loans made pursuant to clause (xvii)(b) of the definition of “Permitted Investments,” minus (c) the aggregate amount of Investments (other than Intercompany Loans) made pursuant to clause (xvii)(b) of the definition of “Permitted Investments” on or prior to such date, minus (d) the aggregate amount of operating leases (measured on the basis of fair market value of the assets subject thereto) outstanding pursuant to clause (xii)(c) of the definition of “Asset Sale” plus (e) the aggregate amount of distributions in cash and Cash Equivalents with respect to any Investment (other than Intercompany Loans) made pursuant to clause (xvii)(b) of the definition of Permitted Investments that have been received on or prior to such date by the Group Member that holds such Investment. Notwithstanding the foregoing, to the extent that an Intercompany Loan or an Investment is made in a Subsidiary that uses the proceeds of such Intercompany Loan or Investment, substantially contemporaneously with the making of such Intercompany Loan or Investment, to make an Investment in a Joint Venture pursuant to clause (xiv)(b) of the definition of “Permitted Investments”, such Intercompany Loan or Investment shall not reduce the amount of the Intercompany Basket, but shall reduce the amount of the Joint Venture Basket in the amount of such Intercompany Loan or Investment.
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Intercompany Basket at any date, an amount equal to (i) $500,000,000 minus (ii) the aggregate outstanding principal amount on such date of Intercompany Loans made pursuant to Section 6.8(h)(ii) minus (iii) the aggregate amount of Investments (other than Intercompany Loans) made pursuant to Section 6.8(h)(ii) on or prior to such date minus (iv) the aggregate amount of operating leases (measured on the basis of the fair market value of the assets subject thereto) outstanding pursuant to Section 6.5(j)(iii) plus (v) the aggregate amount of distributions in cash and Cash Equivalents with respect to any Investment (other than Intercompany Loans) made pursuant to Section 6.8(h)(ii) that have been received on or prior to such date by the Group Member that holds such Investment. Notwithstanding the foregoing, to the extent that an Intercompany Loan or Investment is made in a Subsidiary that uses the proceeds of such Intercompany Loan or Investment, substantially contemporaneously with the making of such Intercompany Loan or Investment, to make an Investment in a Joint Venture pursuant to Section 6.8(j)(ii), such Intercompany Loan or Investment shall not reduce the amount of the Intercompany Basket, but shall reduce the Joint Venture Basket in the amount of such Intercompany Loan or Investment.
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Related to Intercompany Basket

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) to the Bank, the Company or its other Subsidiaries.

  • Intercompany Debt has the meaning specified in Section 7.02(d).

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) from the Bank, the Company or its other Subsidiaries.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Final Closing Indebtedness means the aggregate amount of Closing Indebtedness set forth in the Final Closing Statement.

  • Intercompany Notes means, with respect to each Pledgor, all intercompany notes described in Schedule 11 to the Perfection Certificate and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • FICASH II Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which one or more of the following two categories of securities, as specified by the Funds, shall constitute Eligible Securities: (x) securities issued by the government of the United States of America that are direct obligations of the government of the United States of America, or (y) securities issued by or guaranteed as to principal and interest by the government of the United States of America, or by its agencies and/or instrumentalities, including, but not limited to, the Federal Home Loan Bank, Federal Home Loan Mortgage Corp., Government National Mortgage Association, Federal National Mortgage Association, Federal Farm Credit Bank, Federal Intermediate Credit Bank, Banks for Cooperatives, and Federal Land Banks.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Closing Debt means the aggregate principal amount of, and accrued interest on, all Debt of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • FICASH III Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which securities issued by the government of the United States of America that are direct obligations of the government of the United States of America shall constitute Eligible Securities.